Enervest :: Portfolio Holdings

Portfolio Holdings

As of July 31, 2010 (Unaudited & Unreconciled)

ENERGY SERVICES
Holding	Ticker Symbol		% of Total Portfolio
Altus Energy Services	Private
Black Diamond Group Limited	BDI
CSands Limited Partnership	Private
Engineered Drilling Solutions Inc.	Private
Fort Chicago Energy Partners L.P.	FCE.UN
North West Upgrading Inc.	Private
TransCanada Corp.	TRP
Wajax Income Fund Trust	WJX.UN
Subtotal Market Value:		$2,771,692	21.5%

OIL SANDS RELATED
Holding	Ticker Symbol		% of Total Portfolio
Athabasca Oil Sands Corp.	ATH
Badger Income Fund	BAD.UN
Canadian Natural Resources Limited	CNQ
Canadian Oil Sands Trust	COS.UN
Keyera Facilities Income Fund	KEY.UN
Laricina Energy Ltd.	Private
OSUM Oil Sands Corp.	Private
UTS Energy Corp.	UTS
Subtotal Market Value:		$5,865,100	45.4%

OIL & GAS ISSUERS
Holding	Ticker Symbol		% of Total Portfolio
Baytex Energy Trust	BTE.UN
Bonavista Energy Trust	BNP.UN
Daylight Energy Ltd.	DAY
Enerplus Resource Fund	ERF.UN
Pengrowth Energy Trust	PGF.UN
Sonde Resources Corp.	SOQ
Subtotal Market Value:		$3,485,833	27.0%

Cash
Holding	Ticker Symbol		% of Total Portfolio
Subtotal Market Value:		$798,698	6.1%

Total Portfolio Holdings:		$12,921,322	100%

ENERGY SERVICES